Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

USDJPY (FXY) Keeps The Bullish Feeling

The USDJPY (NYSEARCA:FXY) has so far kept the bullish feeling from this mornings trade. While the EURUSD has been doing laps lower and higher and lower, the USDJPY has been fairly/relatively steady. There still remains the press conference and comments from Ben Bernanke which can throw a monkey wrench in the bullish plans. Mentions of QE, global risks intensifying, Fed ready to act, employment headwinds, anything bearish can be enough to push buyers into sellers (with stops above the ceiling 79.73-78). So be careful.

http://www.forexlive.com/blog/2012/06/20/usdjpy-keeps-the-bullish-feeling/